## ## |||||Page| |---|---|---|---|---| |Reference|and administrative
details|||| |Trustees'|report|||2-14| |Independent
auditors'||report||15-18| |Statement|ofcomprehensive
Income - Group|||19| |Statement|ofcomprehensive
income - Charity|||20| |Balance sheet - Group||||21| |Balance sheet - Charity||||22| |Statement|of change
In|reserves|- Group|23| |Statement|ofchange
in|reserves|- Charity|24| |Statement|of cash flows|- Group||25| |Statement|ofcash flows|- Charity||26| |Notes to the financial statements||||27| ## ## ## |REFERENC
Trustees|E AND A||DMINISTR|AT1VE
DE|TAILS||||||| |---|---|---|---|---|---|---|---|---|---|---|---| ||||||Mr R Caddlck||||||| ||||||Rev. C Hare||||||| ||||||Mrs
M Hare||||||| ||||||Mr S Harrison||||||| ||||||Mr D Pendle|(Chair)|||||| ||||||Mr M Pitman|(resigned||28th January 2022)|||| ||||||Mr P Rose (Treasurer)||||||| ||||||Mr R Sheard|(resigned||26u August|||2021)| ||||||Ms K Patel||||||| |Secretary|||||Mr M Falrbeard||||||| |Chief Executive|||||Mr M Falrbeard||||||| |Senior Management|||Team||Mr M Falrbeard
Ms J Honeywell||CEO
Director,||Children's||Services| ||||||Ms P Falrbeard||Director,||Strategy||tk Communications| ||||||Ms S King
Mr M Wilcox||Head of
Director,||Housing
Youth 6||Community| ||||||Ms S Montagne||Head|of|Human|Resources|| ||||||Mr J Marshall||Director,||Finance||| ||||||Ms M King||Director,||Housing||Bath| |Registered|Company||Number||3719773||||||| |Registered|Charity|Number|||1074660||||||| |Regulator|ofSocial||Housing|Number|4871||||||| |Registered|Office||||international|House|||||| ||||||Broad Street|Place|||||| ||||||Bath||||||| ||||||BA1 5LH||||||| |Auditors|||||Monahans,||||||| ||||||Fortescue House,||||||| ||||||Court Street,||||||| ||||||Trowbridge,||||||| ||||||BA14 8FA||||||| |Solicitors|||||Tozers Sollctors||LLP,||||| ||||||Broadwalk
House,||||||| ||||||Southernhay|West,|||||| ||||||Exeter||||||| ||||||Exi 1UA||||||| |Bankers|||||National
Westminster|||Bank,|||| ||||||24-25 Stall Street,||||||| ||||||Bath||||||| ||||||BA1 iQF||||||| |Bankers (Continued)|||||Barclays Bank||||||| ||||||9 Market Place||||||| ||||||Wells||||||| ||||||Somerset||||||| ||||||BA5 2RH||||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||Notes|2022f|2021
6| |---|---|---|---|---|---| |FIXED ASSETS|||||| |Social housing
properties|||10|2,545,146|2,584,737| |Other tangible
fixed assets|||12|4,646,473|4,333,162| |Investments|||13|337 780|309,875| |||||7,529,399|7,227,774| |CURRENT ASSETS|||||| |Debtors|||14|226,269|279,594| |Cash at bank and
in hand||||638 705|539278| |||||864,974|818,872| |CREDITORS: amounts|falling due within|one year|15|(774,173)|(673,839)| |NET CURRENT ASSETS||||90,801|145,033| |TOTAL ASSETS LESS CURRENT LIABILITIES||||7,620,200|7,372,807| |CREDITORS: amounts|falling due after|one year|16|(474837072)|(4303237)| |NET ASSETS||||3 137 128|3 069,570| |RESERVES|||||| |Income and expenditure|reserve||20|2,919,418|2,864,794| |Restricted
funds|||22|217,710|204,776| |TOTAL RESERVES||||3 137128|3 06~ 570| ## ## |||Restricted|Unrestricted|Total| |---|---|---|---|---| |||reserve f|Reserve f|| |At 1 April 2020||122,158|1,680,540|1,802,698| |Surplus
for the||82,618|171887850|172717468| |year alter transfers||||| |At 31 March 2021|and 1 April|204 776|27869 390|370747166| |2021||||| |Surplus
for the||12,934|52,997|65,931| |year||||| |At 31 March 2022||217 710|2 922 397|3 140097| ## ||Restricted|Unrestricted|Total| |---|---|---|---| ||reserve f|Reserve f|| |At 1 April 2020|122,158|1,680,540|1,802,698| |Surplus for the|82,618|1,184,254|1,266,872| |year after transfers|||| |At 31 March 2021 and 1 April|2047776|278647794|370697570| |---|---|---|---| |2021|||| |Surplus for the|12,934|54,624|67,558| |year|||| |At 31 March 2022|217718|2 919418|3 137128| |||Note|2022f|2021
6| |---|---|---|---|---| |Cash flow from operating
activities||23|~17140|194304| |Cash flow I'rom Investing
activities||||| |Payments
to acquire social housing
property
Payments
to acquire tangible
fixed assets
Interest
payable
Interest
received
and similar
income
Net cash used In Investing
activities||10
11
6|(536,347)
(25,810)
46 276
~555881|(3,749)
(131,244)
(30,225)
26571
138647| |Cash obtained
through
acquisition||||| |Cash transferred
in from TRIA-AKTIV||||67,601| |Cash transferred
in from Bath YMCA Group||||38187| |||||105788| |Cash flow from financing
activities||||| |Payments
towards
pension
liability|||(41,323)|(40,118)| |New loans received
In the year
Repayment
of loan capital|||425,442
~2~0 160
133959|50,000
~60,803
~50 921| |Change
In cash and cash equivalents|in the year||135,218|110,524| |Cash and cash equivalents
at 1 April 2021|||590,909|480,385| |Cash and cash equivalents
at 31 March 2022|||726 127|590 909| |Cash and cash equivalents
consists of:||||| |Cash at bank and
in hand||||| |Cash and cash equivalents
at 31 March 2022|||726,127|590 909| ||Note|2022|2022f| |---|---|---|---| |Cash flow from operating
activities|23|422 46'|260 300| |Cash flow from Investing
activities|||| |Payments
to acquire social housing
property
Payments
to acquire tangible
ffixed assets
Interest
payable
Interest
received
and similar income
Net cash used in Investing
activities|10
12
6|(527,463)
(25,810)
46,276
~006997|(3,749)
(131,244)
(30,225)
26 545
~778673| |Cash obtained
through
acquisition|||| |Cash transferred
in from Bath YMCA Group|||38187| |Cash flow from financing
activities|||| |Payments
towards
pension
liability||(41,323)|(40,218)| |New loans received
in the year
Repayment
of loan capital||425,442
~200 160
163959|~60803
~100921| |Change
In cash and cash equivalents
in the year||99,427|58,893| |Cash and cash equivalents
at 1 April 2021||539,278|480,385| |Cash and cash equivalents
at 31 March 2022||038 705|539278| |Cash and cash equivalents
consists of:|||| |Cash at bank and
in hand|||| |Cash and cash equivalents
at 31 March 2022||638,705|539170| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||2022f|2022f|2022f|2021
6|2021
6| |---|---|---|---|---|---|---|---|---| |Turnover
and Interest|||receivable|||||| |Hostel income||||527,598|||189,466|| |Catering
income|||||||5,211|| |Room hire|||||360||255|| |Functions||||||||| |Miscellaneous|sales||||855||5,252|| |Grant income||||6|534||95566|| |||||535,347|||295,750|| |Interest|||||||26|| |||||||535,346||295,776| |Cost of sales and||||||||| |administrative|expenses|||||419824||353189| |Profit / (Loss)||||||115,522||(57,413)| |Retained
profit|brought||forward|||4,496||61,909| |Charges
from|YMCA Brunel Group|||||||| |Amount
gifted|to|YMCA|Brunel Group|||(117,047)||| |||||||2,971||4,496| |The assets and|liabilities||of the subsidiary||were:|||| |Fixed assets||||||37,497||40,893| |Current assets||||||105,223||64,899| |Creditors:
amounts||falling|due within one|year||(139,649)||(101,196)| |Total assets less|net liabilities|||||3,691||4,596| |Called up shared|capital|||||100||100| |Reserves||||||2,971||4,496| |||||||3,071||4,596| ## |4.|SOCIAL HOUSING|SOCIAL HOUSING|TURNOVER AND COSTS|TURNOVER AND COSTS|TURNOVER AND COSTS|(GROUP|(GROUP|AND CHARITY)|AND CHARITY)|| |---|---|---|---|---|---|---|---|---|---|---| ||SOCIAL HOUSING||LETTINGS||||||2022|2021| ||Turnover||||||||E|6| ||Rent receivable
after voids||||||||1 707370|1 747111| ||Expenditure|||||||||| ||Socfal housing
lettings|||||||||| ||Management
Maintenance
f3ad debts
Depreciation
of
Other costs|housing
properties|||||||1,434,503
64,962
17,908
39,591
121428|1,326,271
68,914
66,342
36,650
10000| ||Total social housing||lettings||||||1,678,392|1,516,262| ||Operating
surplus|/|(deficit)|from social housing||activities|||28,978|230,849| ||Rent losses from|voids|||||||249,597|254,032| |S.|ACCOMODATION|OWNED||AND IN MANAGEMENT|||(GROUP fk CHAR1TY)|||| ||||||||||2022|2021| ||||||||||Property|Property| ||||||||||Units|Units| ||Supported
Housing|-|owned|and managed|||||41|41| ||Supported
Housing|-|managed
for others||||||101|103| ||||||||||142|| |6.|INTEREST RECEIVABLE AND SIMILAR INCOME|||||||||| ||||||Group
2022|Charity
2022|||Group
2021|Charity
2021| |||||||||E|5|| ||Rental Income
Interest
and dividends||||43,670||43,670||23,945|23,945| ||receivable
Gains / (losses) on|investments|||2,606
27,904||2,606
27,904||2,626
49,117|2,600
49,117| ||||||747180|747180|||75,688|75,662| ## ## ## |SURPLUS / (DEFICI'T) ON ORDINARY AC|TIVITIES - GROU|P|| |---|---|---|---| |The operating
(deficit) /
surplus
is arrived
at after|Group
2022
f|Charity
2022
E|Charity
2021
E| |Depreciation
- other fixed assets
Deprecation
- social housing
properties|224,391
39,591|214,152
39,591|204,453
39,592| |Operating
lease rentals
Auditors
remuneration
- audit fee|37,575|27,968|21,843| |Movement
in pension
deficit liability||9 718|8274| ## ## ## |STAFF NUMBERS AND COSTS||||| |---|---|---|---|---| |||Group
2022|Charity
2022|Charity
2021| |||E|E|E| |Wages and salaries
Social secunty costs
Pension costs||3,246, 827
218,447
177,344|3,073,400
2102286
169,042|3,068,943
199,605
165,542| |Redundancy
and other employment|costs|||| |||3,642,628|3,432,228|3,434,090| ## ## ## |10. SOCIAL HOUSING|PROPERTIES (CHARITY|65 GROUP)||| |---|---|---|---|---| |||Landf|Property|Totalf| |Cost||||| |At 1 April 2021||225,650|2,415,642|2,641,292| |Additions||||| |At 31 March 2022||225,650|2,415,642|2,641,292| |Depreciation||||| |At 1 April 2021|||56,555|56,555| |Charge for the year|||39 591|39 591| |At 31 March 2022|||96,146|96,146| |Net book value||||| |At 31 March 2022||225,650|2,319,496|2,545,146| |At 31 March 2021||225,650|2,359,087|2,584,737| ## ## ## ||Freehold
land 8
property|Leasehold
land &
property|Plant &
Machinery|Gym
Equipment| |---|---|---|---|---| |Cost||||| |At 1 April 2021|3,397,967|2,131,172|310,153|86,527| |Additions
Disposais|491,631|10,720|8,404
~10 294|| |At 31 March 2022|3,889,598|2,141,892|308,263|86,527| |Depreciation||||| |At 1 April 2021|1,126(535|292,295|261,943|86,510| |Charge
I'or the year
On disposais|83,651|59,298|27,172
~8253|17| |At 31 March 2022|1,210,186|351,593|280,862|86,527| |Net book value
At 31 March 2022|2 679 412|I 790 299|27401|| |At 31 March 2021|2 271 432|I 838877|48210|| ||Office|Fixtures
lk|Motor|| ||Equipment|Fittings|Vehicles|Tote I| |||6|E|E| |Cost||||| |At 1 April 2021
Additions
Disposals|149,827
18,925
~23 757|393,529
~5513|11,150
6,667
~ll 150|6,480,325
536,347
~50 714| |At 31 March 2022|144,995|388,016|6,667|6,965,958| |Depreciation||||| |At 1 April 2021
Charge for the year
On disposais|118,040
24,557
~23 757|209,797
28,363
~5 513|11,150
1,333
~11150|2,106,270
224,391
~48 673| |At 31 March 2022|118,840|232,647|1,333|2,281,988| |Net book value||||| |At 31 March 2022|26,155|155,369|5,334|4,683,970| |At 31 March 2021|31 787|183 732||4 374 055| ## ## ## ||Freehold
land
84
property|Freehold
land
84
property|Leasehold
land 8
property|Plant
85
Machinery|Plant
85
Machinery|Gym
Equipment| |---|---|---|---|---|---|---| |Cost||||||| |At 1 April 2021
Additions
Disposals|3,397,967
491,631||2,090,275
10,720|238,931
8,404
~8253||86,527| |At 31 March 2022|3,889,598||2,100,995|239,082||86,527| |Depreciation||||||| |At 1 April 2021
Charge for the year
On disposals|1,126,535
83,651||281,417
55,209|201,594
23,954
~8253||86,510
17| |At 31 March 2022|1,210,186||336,626|217,295||86,527| |Net book value||||||| |At 31 March 2022|276797412||177647369|21,787||| |At 31 March 2021|2271 432||I 808858|37337||| ||Office||Fixtures
ik|Motor||| |Cost|Equipment||Fittingsf|Vehiclesf||Total| |At 1 April 2021
Additions
Disposals|137,936
10,041
~15582|283,381
~3803||11,150
6,667
~11150|6,246,167
527,463
~38 788|| |At 31 March 2022|132,395||279,578|6,667||6,734,842| |Depreciation||||||| |At 1 April 2021
Charge for the year
On dlsposals|106,150
21,625
~15 582|99,649
11,150
28,363
1,333
~3803 ~11150|||1,913,005
214,152
~38788|| |At 31 March 2022|112,193||124,209|1,333||2,088,369| |Net book value||||||| |At 31 March 2022|20,202||155,368|5,334||4,646,473| |At 31 March 2021|I 786||183732|||4333162| ## ## |13.|INVESTMENTS|||Group
2022|Charity
2022|Group
2021|Charity
2021| |---|---|---|---|---|---|---|---| |||||E|5|E|| ||UK quoted
unit trusts
Investment
property|||289,331
48,349|289,331
48,349|261,426
48,349|261,426
48,349| ||Other investment
(shares
trading
subsidiary)||in||100||100| |||||337,880|337,780|709,775|309,875| ||Movements
in market|value|||||| ||At 1 April 2021|||309,775|309,875|212,307|212,307| ||Transferred
from
YMCA Bath||||||| ||Group|||||48,349|48,449| ||Net gains / (losses) on
revaluations|||27,905|27,905|49,119|49,119| ||At 31 March 2022|||337,880|337,780|309,775|309,875| ||Historical cost||||||| ||At 1 April 2021 and at
UK quoted
unit trusts
Leasehold
property|31|March|2022|100,000
18,530|100,000
18,530|100,000
18,530| ||||||1187530|1187530|118,530| |14.|DEBTORS||Group
2022|Charity
2022|Group
2021|Charity
2021| |---|---|---|---|---|---|---| |||||||E| ||Due within one year
Trade debtors
Intercompany||115,708|98,064
45,851|166,268|156,087
27,791| ||Prepayments
income
Other debtors|and accrued|82,512|82,354|96,069
2,734|95,716| ||||1987220|2267269|265 071|279,594| ## ## ## ## |18.|OTHER LOANS|OTHER LOANS||||| |---|---|---|---|---|---|---| ||||Group
2022f|Charity
2022f|Group
202If|Charity2021f| ||In one year or less||110,000|110,000|110,000|110,000| ||Between|one and two years|22,000|22,000|60,000|60,000| ||Between|two and five years|||22,000|22,000| ||More than|five years||||| ||||132/000|132/000|192/000|192,000| ## |Total future|minimum|lease payments|under non-cancellable|operating
leases are as follows:
2022
2021
f
E|operating
leases are as follows:
2022
2021
f
E| |---|---|---|---|---|---| |Not later than one year
Later than
one and not later than five|||years|332,560
316,354|222,050
333,504| |Later than|five years|||2,924,781|2,996,682| |||||3,573,695|3,552,236| ## |This represents
cumulative|surplus
and|deficits net of|other adj|ustments.|| |---|---|---|---|---|---| |Income and Expenditure||||2022f|2021f| |At 1 April 2021
Total income (turnover
and|bank interest)|||2,864,794
5,969/408|I,680,540
5,757,295| |Total expenditure
(operating
Net Assets transferred
from|expenditure
YMCA Bath|and interest
Group|payable)|(5,901,850)|(5,576/292)
1,283,015| |Net Assets transferred
from|Brldgwater|YMCA|||(I97,146)| |Transfers
(to) / from restricted
reserve||||(12,934)|(82,618)| |Reserves Carried
forward||||2 9194///|2//6/
794| ## ## |This represents
cumulative
surplus
and|deficits net of|other ad]|ustments.|| |---|---|---|---|---| |Income and Expenditure|||2022|2021| ||||E|5| |At 1 April 2021|||2,869,390|1,680,540| |Total income (turnover
and bank Interest)|||6,333,708|6,053,071| |Total expenditure
(operating
expenditure|and interest|payable)|(6,267/777)|(5/929,481)| |Net Assets transferred
from YMCA Bath|Group|||1,283,015| |Net Assets transferred
from TRIA AKTIV||||62,009| |Net Assets transferred
from Bridgwater|YMCA|||(197,146)| |Transfers
(to)
// from restricted
reserve|||(12,934)|(82,618)| |Reserves
Carried
forward|||2 922 387|2869390| ## ## ||||At 31||Expenditur|At 31March| |---|---|---|---|---|---|---| ||||March 2021|Income|e|2022| ||||E|6|E|E| |Routes Frome|||36,376|48||36,424| |Zaiger Trust|||28,788|7,000|(3,703)|32,085| |Y82C Garfield|Weston|||||| |Dawe Trust Grant
The Malmesbury
Other grants
and||Fund
pro)ects|8,678
91,105
39 829|32,408
7 8/0|(23,347)
~7282|17,739
91,105
40 3'7| ||||204/776|47/266|(34/332)|217/710| ## ## ## |Year ended|31|March 2021||||| |---|---|---|---|---|---|---| ||||||Transfer|| |||At 31||Expend-|from YMCA|At 31March| |||March 2020|Income|iture|Bath Group|2021| |||||f|f|f| |Routes Frome
Zaiger Trust||36,328
24,587|48
7,000|(2,799)||36,376
28,788| |YIkC Garfield||||||| |Weston||25,000||(25,000)||| |Grant|||35,375|(26,697)||8,678| |The Malmesbury||||||| |Fund|||||91,105|91,105| |Other grants
projects|and|36 243|6 261|~2623||39929| |||1223158|486684|(573171)|91,105|204,776| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Amounts|recognised|in the Balance Sheet are as follows:|2021|2021| |---|---|---|---|---| |||||6| |Pension|deficit due|In less than
1 year|41,323|40,118| |Pension|deficit due|in 1 to 2 years|41,323|40,118| |Pension|deficit due|In 2 to 5 years|123,969|120,354| |Pension|deficit due|after
5 years|87,334|43,377| |Deficit|||293,949|243,967| ## ## ## ##